The fruit & vegetable processing enzymes market is projected to grow at a CAGR of 6.7% from 2016 to 2022. High specificity of enzymes in biochemical reactions, improvement in the quality and yield of fruit & vegetable beverages, demand for convenience foods, and awareness of healthy and nutritional foods are some factors driving the market. The key market players have adopted strategies such as acquisitions, expansions, and new product launches to expand their market share in the fruit & vegetable processing enzymes market. The key players who adopted these strategies are E. I. du Pont de Nemours and Company (U.S.), Associated British Foods Plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Novozymes A/S (Denmark), and Group Soufflet (France). Other players in the industry include Advanced Enzymes (India), Jiangsu Boli Bioproducts Co, Ltd (China), Sunson Industry Group (China), Biocatalysts (U.K.), and Amano Enzyme (Japan).
E. I. du Pont de Nemours and Company
E. I. du Pont de Nemours and Company is a U.S.-based chemical company. Danisco, a manufacturer of enzymes, and bioproducts, is an acquired division of Du Pont in 2010, providing food enzymes for brewing, fruit processing, and oil extraction. New product launches has been one of the key strategies of the company. It has launched new products for its brewing enzymes segment. For instance, in November 2015, the company introduced a brewing enzyme Alphalase Advance 4000. This helped the company to increase its product portfolio. However, it has the opportunity to introduce innovative products for specific fruits & vegetable processing in the industry. The company has also been focusing on strengthening its research and development (R&D) capabilities, which will help to sustain its position in the market.
Koninklijke DSM N.V.
Koninklijke DSM N.V. is a company operational in the fields of life sciences and material sciences. DSM’s global markets include food & dietary supplements, personal care, feed, and pharmaceuticals, among others. Over the years, the company has diversified into various markets, such as fertilizers, chemicals, and food ingredients. DSM is a major player in the enzyme industry. It has global research and development centers, which constantly innovate new products that add to the company’s revenue. DSM has undertaken various expansion and acquisition activities as key strategies to increase its global market presence. For instance, its acquisition of the U.S.-based Martek Biosciences Corporation has helped the company to strengthen its enzymes business. Moreover, the company focusses on innovative product offerings, for instance, in 2014 it launched a new series of enzymes known as Rapidase Pro Color. This helped the company to strengthen its product portfolio in the enzyme segment.
Fruit & Vegetable Processing Enzymes Market by Application (Fruits and Vegetables), Form (Liquid and Powder), Source (Bacteria and Fungi), Type (Amylase, Pectinase, Protease, and Cellulase), Product Type, and Region - Global Forecast to 2022
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